Disney Skewers Nelson Peltz As Lacking “Skills And “Experience To Assist Board”; Reveals Marvel Chair Isaac Perlmuttter Backed Activist Investor
“Peltz, or Isaac Perlmutter on Peltz’ behalf, asked for a Board seat or suggested he should be added to the Board no less than 20 times since July 2022,” Disney said.
Disney today slapped up its own stream of financials to defend its track record, its deals and current CEO Bob Iger, who re-took the reins in November, and, the company noted, created significant shareholder value for the company during his previous tenure. “Peltz has no track record in large cap media or tech, no solutions to offer for the evolving media landscape. And if MSG Sports is his training ground, it has not been a good one,” Disney said. Peltz has known MSG owner James Dolan for years and holds a stake in the company.
Disney focused on its “strong, highly rated investment grade balance sheet,” and urged shareholders to carefully analyze Peltz’s positions “to differentiate fact from fiction”.
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